This property looks like a bad Long-Term investment with a projected -2.63% first-year return on $42,000 initial cash invested.
-2.63%
Cash On Cash
6.77%
Cap Rate
1
DSCR
$1,879
Rent
-$92
Cashflow
Cash Flow
$1,879 income − $1,971 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,879
Total Expenses
$1,971
Mortgage P&I
60%
$1,127
Property Taxes
15%
$281
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0